Business Costing [BB 304] BBA -3rd-III Sem Sem. Syllabus for DAVV Indore Affiliated Institutions

 DEVI AHILYA VISHWAVIDYALAYA (DAVV), INDORE

BBA (Full-Time) Third-3rd-III Semester Curriculum/ Syllabus

   Business Costing  Syllabus

 Business Costing [BB 304] Syllabus:

Unit I Basics of Costing: Meaning and definition of Cost Accounting, Concepts of Cost ,Cost Object, Cost Center and Profit Center, Cost Control and Cost Reduction Classification of Costs, Overview of Cost Accounting Standards.

Unit II Cost Elements: Material Cost- purchase procedure, store keeping and stock control, pricing issue of material and accounting thereof, perpetual inventory and physical stock taking, identification of slow, non-moving and fast moving items, ABC analysis, JIT system, level of inventories and economic order quantity, analysis, investigation and corrective steps for treatment of stock discrepancies – control through other means.

Unit III Labour Costs – remuneration methods, monetary and non-monetary incentive schemes, payroll procedures, labour analysis and idle time, measurement of labour efficiency and productivity, analysis of non productive time and its cost, labour turnover and remedial measures, treatment of idle time and overtime

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Unit IV Direct Expenses – nature, collection, classification and treatment.Overheads – nature, collection, classification, apportionment, allocation and absorption.

Unit V Costing Methods: Unit Costing, Job Costing, Batch Costing, Process Costing, Contract Costing, Activity Based Costing, Target Costing, Costing for Services Sector.

Unit VI Cost Accounting Systems: Accounting entries for an integrated and not integrated accounting system, Reconciliation between cost and financial profit and loss account, interlocking accounting.

Text Books:

1. Jawahar Lal : Cost Accounting;TataMcGraw- Hill Education (India) Ltd.

2. Arif Pasha Mohd. Cost Accounting, 2010,Vrinda Publication

3. Jelsy Joseph Kupappapally Accounting for Managers,PHI Learning

4. S.N. Maheshwari Cost & management Accounting; Sultan Chand & Sons,

Objective: To familiarize and develop an understanding of basic concepts, methods and systems of costing used by business enterprises.

Scheme: 80 marks for the university examination and 20 marks for internal. For internal evaluation there shall be tests for 10 marks and for project for 10 marks. The university examination to be based on analytical questions, there shall be four questions from the syllabus in the examination. There should be no internal choice and all four questions should be compulsory.